Global insurance and reinsurance broker Aon has announced Tim Banks has joined its UK Wealth practice as partner at a time when the company enters its next phase of growth across DB pensions, insurance and not-for-profit organisations.
In his new role, Banks will lead sales for Aon’s Investment practice across various channels, including defined benefit (DB) pensions and insurance, as well as endowments and foundations.
Banks has spent most of his career in senior leadership roles, working with clients in pensions and investment and has been involved in a number of new industry initiatives.
He is joining Aon from AXA IM where he was responsible for UK Institutional sales of their core investment capabilities and specifically for insurers and defined contribution pension clients.
Prior to AXA, Banks was part of Mercer’s fiduciary management business. During his tenure in the company he led sales and marketing to external clients and intermediaries.
Commenting on his appointment Banks said: “This is a great time to be joining an established team with market-leading capabilities. Aon’s Investment practice has a long and enviable record of assisting clients in fulfilling their objectives. The firm’s investment expertise is now also being applied to wider areas and I am very much looking forward to playing my part in that.”
Maria Johannessen, senior partner and UK head of Investment at Aon, stated: “At a time when investors are having to address ever more complex challenges and navigate new forms of volatility, as well as continued political and economic uncertainty, it is vital to deliver creative and innovative investment solutions to clients.
“We are therefore incredibly pleased that Tim Banks is joining our firm to spearhead our next phase of growth across DB pensions, insurance and not-for-profit organisations. Tim brings both considerable experience and expertise across the pensions and investment industry and a record of developing strong client and colleague relationships. We are excited to work with Tim to drive growth in these key areas.”
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